FedEx CEO Fred Smith says he uses Uber, but he doesn’t worry about the startup taking business away from his delivery and logistics company.
During an earnings call Wednesday, Smith said that he liked Uber as a company, but that it wouldn’t affect FedEx’s business. Uber, which typically offers rides to passengers who use a mobile app, has done some small-scale experiments with delivering items.
From the Wall Street Journal:
Smith also said he thinks same-day delivery isn’t what most people actually want, since consumers do most of their shopping at night after work.
FedEx’s third-quarter earnings skyrocketed 53% thanks to a corporate reshuffling and reduced fuel costs, the company said Wednesday. Uber is the world’s biggest privately-held startup, valued at more than $41 billion.
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